Economy

SVB collapse: US regulators announce plan to bail out customers

By Emily Jacobs
Published March 12, 2023 11:21pm ET
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SVB collapse: US regulators announce plan to bail out customers
Federal bank regulators said Sunday that the Federal Deposit Insurance Corporation will employ emergency measures to back Silicon Valley Bank deposits in full. News of the decision to guarantee deposits beyond the federally insured ceiling of $250,000 came in a much-anticipated joint statement from the Federal Reserve, Treasury Department, and FDIC two days after Silicon […]


Federal bank regulators said Sunday that the Federal Deposit Insurance Corporation will employ emergency measures to back Silicon Valley Bank deposits in full.

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FDIC Finance Silicon Valley Bank Treasury Department